Piyush Goyal calls Jaitley's budget transformative with emphasis on investment -led growth

Minister of State for Power Piyush Goyal, applauding the Union Budget 2014-15 said that "This is a transformative budget focusing on policy initiatives and a heavy emphasis has been laid on investment-led growth, which is reminiscent of the Vajpayee-era.

The budget addresses immediate concerns of all sections of society - young, old, poor, women, farmers, SCs/STs, backward sections of the society, middle-class, entrepreneurs etc."

While Congratulating Union Finance Minister Arun Jaitley for delivering this growth-oriented, pragmatic budget, Goyal said that "This will truly be an inflection point for India. The FM has taken several strong steps for the revival, rejuvenation and resurgence of the Indian economy and presented a tangible and actionable roadmap to lift crores of people out of poverty, within five years. The thrust on skill development, manufacturing, education, clean and renewable energy, infrastructure and healthcare, are particularly heartening to."

Goyal added that the Finance Minister has reinstated our government's commitment of 24 x7 power to all homes.

Welcoming the proposals relating to ministries of Power, Goyal said: "I am elated at the announcements to encourage new and renewable energy (solar, wind) and development of transmission and distribution. This will go a long way in ensuring 24x7 power to all. Welcome standardization of custom duty on coal - across grades and types - to end disputes immediately."

"This is the kind of practical solutions one expects from Arun ji! Our moves for improving coal quality by supplying crushed and washed coal, ensuring adequate coal supply for already commissioned and would-be commissioned power plants will unlock dead investments. Also welcome steps for incentivizing solar powered water pumps, and setting up of solar parks Rajasthan, Tamil Nadu and Ladakh; and moves for setting up solar plants on banks of canals. We will also set up Green Energy Corridors for evacuation of renewableenergy," he added.

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